We provided our long-standing client with a legal statement under The Local Taxes and Fees Act concerning the taxation of real estate that falls within flood areas of small hydro power plants as well as with the opportunities for reduction of the tax and waste fee of the properties. In this connection, we provided full analysis on the status of the real estate with regards to The Local Taxes and Fees Act, including the objects of taxation, the obligation for the properties to be declared and for payment of local taxes and fees, the determination of the tax base and the possible sanctions if the obligations for declaring the properties and payment of the local taxes and fees are not fulfilled.
Practice: Tax Law
